Greece and the Missing Banking Union

Jeffery N. Gordon, Georg Ringe

Publikation: AndetUdgivelser på nettet - Net-publikationFormidling


The Greek Crisis is a crisis rather than a problem due to the vulnerability of Greek banks. While the banks have deep problems, this column argues that these would have been mitigated if a fully operational banking union were in place. A full banking union requires joint banking supervision, joint bank resolution, and joint deposit insurance. The EZ only has the first so far. Completing the banking union must be part of any long-term solution.
Publikationsdato17 jul. 2015
StatusUdgivet - 17 jul. 2015